The nation’s lawyers apparently have no fear of sharks — unless they’re the kind that file lawsuits. About 40 lawyers signed up for the National Lawyers on Longboards Surfing Contest scheduled during the Aug. 3-8 American Bar Association convention in …
Since 1995, there have been 755 separate cases of class action securities litigation on allegations of companies inflating their stock prices due to fraud or untimely disclosure. Settlements in these cases have totaled about $25.4 billion. On the surface, it …
West Virginia’s workers’ compensation insurance provider has a lofty goal: to audit every one of West Virginia’s 38,000 employers this year. That would require an unprecedented 200 audits a day, and may be a little optimistic, said Greg Burton, president …
Hawaii became the first state in the nation to order anti-viral flu medicine in preparation for any global influenza pandemic when it signed contracts with drug companies last month for Tamiflu and Relenza. The state needed to move quickly because …
$250,000 The minimum liability insurance limits required of home inspectors in West Virginia under a new law that also requires them to be certified by the State Fire Commission. The new law went into effect Aug. 1. $18 million The …
175 Number of Americans who die from extreme heat in a normal year, according to the Centers for Disease Control and Prevention. Young children, elderly people and those who are sick or overweight are more likely to become victims. 160 …
U.S. Agriculture Secretary Mike Johanns unveiled two new risk management tools for pasture, rangeland and forage, beginning with the 2007 crop year. “These new insurances tools will help farmers and ranchers, especially with operations located in drought impacted areas, to …
New Mexico’s Public Regulation Commission has fired Deputy Insurance Superintendent Joe Ruiz, formalizing an action that was initiated last month. Ron Morgan, an Albuquerque attorney representing Ruiz, said the PRC terminated his client “without offering to discuss the problem or …
The Michigan Supreme Court’s decision to preclude trial courts from bundling asbestos cases for trial or settlement is an excellent first step toward restoring balanced justice in asbestos cases in the state, one national insurance trade group said. Dave Golden, …
The California Department of Insurance has issued new ethics regulation requiring all fire and casualty broker-agents and life agents to complete a four-hour “ethics approved” course each renewal period starting Jan. 1, 2007. The regulation also requires all personal lines …
